Item 2.02 – Results of Operations and Financial Condition
On May 5, 2022, Denbury Inc. issued a press release announcing its 2022 first
quarter financial and operating results. A copy of the press release is attached
as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished in this Item 2.02, in Item 7.01 below, and in Exhibits
99.1 and 99.2 hereto shall not be deemed “filed” for purposes of the Securities
Exchange Act of 1934, as amended (the “1934 Act”), and shall not be deemed
incorporated by reference in any filing with the Securities and Exchange
Commission (unless otherwise specifically provided therein), whether or not
filed under the Securities Act of 1933, as amended, or the 1934 Act, regardless
of any general incorporation language in any such document.
Item 7.01 – Regulation FD Disclosure
On May 5, 2022, Denbury Inc. issued a press release announcing that its Board of
Directors had authorized a common stock repurchase program, the details of which
are set forth in Item 8.01 below.
Item 8.01 – Other Events
On May 5, 2022 the Board of Directors authorized a share repurchase program
under which the Company may purchase up to $250 million of the Company’s
outstanding common stock.
Subject to applicable rules and regulations, the Company may repurchase its
common stock from time to time in open market transactions, through privately
negotiated transactions, or by other means. The Company is not obligated to
repurchase any specific dollar amount or specific number of shares of its common
stock under the repurchase program. Such purchases will be at times and in
amounts as the Company deems appropriate, based on factors such as assessment of
the capital needs of the Company, the market price of its common stock, general
market conditions, and other business considerations. This repurchase program
has no prescribed term and may be suspended or discontinued at any time.
See the Company’s press release issued on May 5, 2022 attached as Exhibit 99.2.
Item 9.01 – Financial Statements and Exhibits
The following exhibit is furnished in accordance with the provisions of Item 601 of Regulation S-K: Exhibit Number Description 99.1* Denbury Reports First Quarter 2022 Results - Press Release dated May 5, 2022. 99.2* D enbury Announces $250MM Share Repurchase Authorization - Press Release dated May 5, 2022. 104 The cover page has been formatted in Inline XBRL. * Included herewith. 2
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